Ceres Power (LON:CWR) Shares Down 14.8% – Time to Sell?

Ceres Power Holdings plc (LON:CWR)’s share price traded down 14.8% during trading on Friday . The stock traded as low as GBX 307.53 and last traded at GBX 313.46. 6,301,889 shares traded hands during mid-day trading, an increase of 171% from the average session volume of 2,325,161 shares. The stock had previously closed at GBX 368.

Analyst Ratings Changes

A number of research firms have recently weighed in on CWR. Berenberg Bank upped their price objective on Ceres Power from GBX 300 to GBX 530 and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a GBX 460 price target on shares of Ceres Power in a research note on Friday, November 7th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 495.

Ceres Power Trading Down 14.8%

The company has a debt-to-equity ratio of 1.54, a current ratio of 6.48 and a quick ratio of 12.18. The stock has a 50-day moving average price of GBX 244.49 and a two-hundred day moving average price of GBX 146.45. The stock has a market cap of £609.42 million, a PE ratio of -17.18 and a beta of 1.60.

Ceres Power (LON:CWR) last announced its quarterly earnings results on Friday, September 26th. The company reported GBX (10.14) EPS for the quarter. Ceres Power had a negative net margin of 101.69% and a negative return on equity of 22.96%. Sell-side analysts forecast that Ceres Power Holdings plc will post -12.4426979 earnings per share for the current fiscal year.

Ceres Power Company Profile

Ceres is a leading developer of clean energy technology: electrolysis for the creation of green hydrogen and fuel
cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Bosch, Doosan, Delta and Weichai. Ceres’ solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels.